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Bermuda Exempt Corporation

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Bermuda Exempt Corporation

Bermuda Exempt Corporation The offshore tax haven of Bermuda has long established itself as a top offshore jurisdiction. Bermuda specializes in the formation of offshore companies, the formation of offshore trusts, offshore banking and a whole range of other offshore services. The country enjoys economic stability unsurpassed by many of the world’s more developed countries. Offshore company formation has been going on in the tax haven of Bermuda since 1981making the jurisdiction one of the leaders in offshore in the Caribbean. Features

Bermuda Exempt Company

Corporate Details

General
  • Type of Entity

Exempt Companies
  • Type of Law

English Common Law
  • Registered Office in Bermuda

Yes
  • Shelf company availability

Yes
  • Our time to establish a new company

2- 3 Weeks
  • Corporate Taxation

None
  • Access to Double Taxation Treaties

No

Share capital or equivalent
  • Standard currency

US Dollar
  • Minimum paid up

$ 1
  • Usual authorized

$ 12,000

No

Directors
  • Minimum number

1
  • Local required

No
  • Publicly accessible records

No
  • Location of meetings

Anywhere
  • Corporate directorship allowed

Yes

Members
  • Minimum number

1
  • Publicly accessible records

No
  • Corporate members allowed

Yes
  • Location of meetings

Anywhere

Company Secretary
  • Required

Yes
  • Local or qualified

Yes

Accounts
  • Requirements to prepare

Yes
  • Audit requirements

Yes
  • Requirements to file accounts

Yes
  • Publicly accessible accounts

No
Advantages
  1. Provide privacy protection, without disclosing shareholders and directors
  2. No tax shall be declarable and payable
  3. No double taxation treaties with other countries
  4. Company is granted listing in Hong Kong Stock Exchange
Why Valsen Fiduciaries
  • Speedy and Efficient Service
  • Guaranteed Bank Account
  • Expert advice on structuring options
  • Dedicated ongoing compliance support.